2015 Q3 Condo Update

2015 Q3 Condo Update PAUL HWANG | RANKED #1 IN SOUTH BEACH 415.216.8746 | PAUL@SKYBOXREALTY.COM

MILLENNIUM TOWER | 14 - 15

THE INFINITY | 8 - 9

THE METROPOLITAN | 10 - 11 THE WATERMARK | 18 - 19 ONE RINCON HILL | 12 - 13 ONE HAWTHORNE | 16 - 17

5

Dear Neighbors, As the third quarter ends for a record setting 2015, the average price of resale condos in South Beach continued up and to the right. Conversely, Yerba Buena condos cooled in average price per square foot in the same time period. This may be due to a combination of seasonal slowing and variance in global / domestic equity markets affecting high end real estate.

New construction continues to sell well. We were lucky to represent 2 of the first Lumina residents (365+ In Contract, 25 SOLD / 656 units)! Please contact me for a detailed, personalized market analysis of your home.

Best Regards, Paul Hwang | Principal Broker Ranked #1 in South Beach 415.216.8746

This document has been prepared by Skybox Realty for advertising and general information only.

Skybox Realty makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Skybox Realty excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from.

SOUTH BEACH

2015 Q3 FAST FACTS # SOLD

AVG $/SF

AVG SALE PRICE

63 $1,227 $1,210,721 CUMULATIVE $/SF DATA FOR PAST YEAR

$1300 $1200 $1100 $1000

2014 Q4

2015 Q1

2015 Q2

2015 Q3

7

YERBA BUENA

2015 Q3 FAST FACTS # SOLD

AVG $/SF

AVG SALE PRICE

26 $1,199 $1,241,653 CUMULATIVE $/SF DATA FOR PAST YEAR $1400 $1300 $1200 2014 Q4

2015 Q1

2015 Q2

2015 Q3

$1100

All Data From SFARMLS

301 / 333 MAIN | 318 / 338 SPEAR

THE INFINITY D42A | $3,550,000 (2BR) $2786/sf

D39A | $3,200,000 (2BR) $2512/sf D37E | $3,000,000 (2BR) $2239/sf

D31E | $2,499,000 (2BR) $1865/sf

D26G | $1,175,000 (1BR) $1456/sf

D21F | $2,599,000 (2BR) $1985/sf

D17B | $3,200,000 (2BR) $2433/sf

D10B | $1,499,000 (2BR) $1140/sf

D7F | $1,150,000 (1BR) $1279/sf D5E | $1,350,000 (2BR) $1144/sf A4L | $933,000 (1BR) $1153/sf

A8C | $2,188,000 (3BR) $1675/sf

A4C | $949,000 (1BR) $1188/sf A4H | $959,000 (1BR) $1147/sf

SOLD ACTIVE ACTIVE CONTINGENT PENDING

B37B | $8,800,000 (3BR) $2637/sf

B30F | $2,250,000 (2BR) $1701/sf B28F | $2,290,000 (1BR) $1731/sf B28E | $3,299,000 (3BR) $1965/sf B27F | $2,350,000 (2BR) $1798/sf B26F | $2,250,000 (2BR) $1721/sf B25E | $1,750,000 (2BR) $1483/sf B23C | $1,450,000 (1BR) $1792/sf

B16C | $1,300,000 (1BR) $1607/sf

C8H | $998,000 (2BR) $1187/sf C7G | $899,000 (1BR) $1074/sf C5D | $939,000 (1BR) $1140/sf

C2B | $1,199,000 (1BR) $1062/sf

B5C | $2,399,000 (2BR) $1369/sf All Data From SFARMLS

9

333 - 355 1ST

THE METROPOLITAN SOLD ACTIVE ACTIVE CONTINGENT PENDING

N2103 | $989,000 (1BR) $----/sf

N1503 | $905,000 (1BR) $1269/sf N1405 | $899,000 (1BR) $1268/sf

N907 | $1,200,000 (2BR) 1263/sf N807 | $375,798 (2BR) bmr N606 | $590,000 (0BR) $----/sf N504 | $1,250,000 (2BR) $1272/sf N405 | $839,000 (1BR) $1183/sf

S903 | $765,0

000 (1BR) 1312/sf

11

S2601 | $2,150,000 (2BR) $1440/sf

S1905 | $899,000 (1BR) $1301/sf

S1503 | $1,150,000 (1BR) $1447/sf

S1110 | $845,000 (1BR) $1252/sf S902 | $1,350,000 (2BR) $1357/sf S909 | $1,295,000 (2BR) $1302/sf

All Data From SFARMLS

425 1ST | 489 HARRISON

ONE RINCON HILL SOLD ACTIVE ACTIVE CONTINGENT PENDING

405 | $2,699,000 (3BR) $1147/sf

13

5008 | $1,325,000 (1BR) $1755/sf 5005 | $1,050,000 (1BR) $1479/sf 4905 | $1,040,000 (1BR) $1465/sf

4404 | $935,000 (1BR) $1545/sf

3908 | $1,298,000 (1BR) $1719/sf

3502 | $2,295,000 (2BR) $1753/sf

2702 | $2,050,000 (2BR) $1566/sf 2706 | $1,745,000 (2BR) $1410/sf 2705 | $998,000 (1BR) $1406/sf

2106 | $1,750,000 (2BR) $1414/sf

906 | $1,380,000 (2BR) $1115/sf 802 | $1,450,000 (2BR) $1108/sf

All Data From SFARMLS

301 MISSION

MILLENNIUM SOLD ACTIVE ACTIVE CONTINGENT PENDING

49B | $9,395,000 (3BR) $2834/sf

38B | $3,195,000 (2BR) $1934/sf

31E | $3,295,000 (2BR) $1922/sf

704 | $2,835,000 (2BR) $1909/sf 606 | $2,595,000 (1BR) $1589/sf 601 | $2,895,000 (2BR) $1481/sf

15

53C | $7,995,000 (2BR) $2836/sf 51D | $4,495,000 (2BR) $2016/sf 49D | $4,588,000 (2BR) $2057/sf

45D | $4,675,000 (2BR) $2277/sf

38F | $2,450,000 (3BR) $1530/sf

31A | $2,595,000 (2BR) $1711/sf

25B | $1,099,000 (1BR) $1631/sf

18C | $1,218,000 (1BR) $1462/sf

All Data From SFARMLS

1 HAWTHORNE LANE

ONE HAWTHORNE SOLD ACTIVE ACTIVE CONTINGENT PENDING

17

20G | $1,250,000 (1BR) $1316/sf

15C | $1,725,000 (2BR) $1314/sf

11C | $1,750,000 (2BR) $1325/sf

All Data From SFARMLS

501 BEALE

WATERMARK SOLD ACTIVE ACTIVE CONTINGENT PENDING

18B | $1,698,000 (2BR) $1666/sf

19

8D | $1,888,000 (2BR) $1500/sf

4D | $815,000 (1BR) $1074/sf

All Data From SFARMLS

SOUTH BEACH & YERBA BUENA CONDOS

SOLD UNITS IN Q3 2015 Address 333 1st 606

BR 0

BA 1

Status Sold

Status Date 7.17.15

355 1st 903

1

1

Sold

9.11.15

501 Beale 4D

1

1

Sold

7.28.15

333 1st 405

1

1

Sold

7.29.15

318 Spear 4L

1

1

Sold

8.18.15

318 Spear 4H

1

1

Sold

9.23.15

425 1st 5005

1

1

Sold

8.25.15

338 Spear 26G

1

1

Sold

7.16.15

333 1st 907

2

2

Sold

7.15.15

301 Mission 18C

1

1

Sold

9.14.15

1 Hawthorne 20G

1

1

Sold

7.31.15

333 1st 504

2

2

Sold

8.20.15

301 Main 16C

1

1

Sold

8.19.15

425 1st 5008

1

1

Sold

8.31.15

355 1st 902

2

2

Sold

9.15.15

425 1st 906

2

2

Sold

8.25.15

425 1st 2706

2

2

Sold

7.21.15

1 Hawthorne 15C

2

2

Sold

9.8.15

301 Main 25E

2

2

Sold

7.16.15

425 1st 2702

2

2

Sold

7.23.15

355 1st 2601

2

2

Sold

8.6.15

301 Main 30F

2

2

Sold

8.21.15

301 Mission 38F

3

2

Sold

7.31.15

338 Spear 42A

2

2

Sold

8.3.15

* Only showing sold units in buildings featured in this book.

21

DOM 17

SF ----

List Price

43

$549,000

Sold Price $590,000

$/SF ----

583

$725,000

$765,000

$1312

67

759

$799,000

$815,000

$1074

66

709

$899,000

$839,000

$1183

65

809

$959,000

$933,000

$1153

96

836

$985,000

$959,000

$1147

34

710

$1,050,000

$1,050,000

$1479

21

807

$1,195,000

$1,175,000

$1456

22

950

$1,299,000

$1,200,000

$1263

84

833

$1,288,000

$1,218,000

$1463

10

950

$1,199,000

$1,250,000

$1316

12

983

$1,150,000

$1,250,000

$1272

6

809

$1,359,000

$1,300,000

$1607

6

755

$1,198,000

$1,325,000

$1755

20

995

$1,250,000

$1,350,000

$1357

34

1238

$1,395,000

$1,380,000

$1115

50

1238

$1,745,000

$1,745,000

$1410

38

1313

$1,749,000

$1,725,000

$1314

31

1180

$1,595,000

$1,750,000

$1483

90

1309

$2,149,000

$2,050,000

$1566

102

1493

$2,250,000

$2,150,000

$1440

9

1323

$2,300,000

$2,250,000

$1701

123

1601

$2,600,000

$2,450,000

$1530

99

1274

$3,780,000

$3,550,000

$2786

All Data From SFARMLS

SOUTH BEACH

MARKET SEASONALITY 45 40

# OF SOLD UNITS

35 30 25 20 15 10

JAN ‘13 MAY ‘13 SEP ‘13 JAN ‘14 MAY MAR ‘13 JUL ‘13 NOV ‘13 MAR ‘14 Data is from SFARMLS which does not account for new construction sales such as Lumina. This may be why the typical May spike in sales did not occur in 2015. If you are thinking of selling or buying please contact me for a free personalized market analysis.

Paul Hwang | 415.216.8746

70 60 50 40 30 20 10

JUL ‘14

SEP ‘14

NOV ‘14

JAN ‘15 MAY ‘15 SEP ‘15 MAR ‘15 JUL ‘15

All Data From SFARMLS

AVERAGE DAYS ON MARKET

Y ‘14

23

PAUL HWANG

RANKED #1 IN SOUTH BEACH bre 01371169 | 415.216.8746 paul@skyboxrealty.com

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